US EditionUS Stocks Edge Lower and Pull S&P 500 Back From Its Record
WALL STREET, UNITED STATES, JUL 10 – The Dow Jones fell 0.7% as investors reacted to tariff hikes raising Canadian import taxes to 35%, disrupting recent gains led by Nvidia and signaling renewed market uncertainty.
- U.S. stocks declined in early trading on Friday, pulling the S&P 500 back 0.4% from a record high set the previous day.
- The market retreat followed escalating tariff threats by the Trump administration against Canada, including plans to raise import taxes to 35%.
- Levi Strauss shares jumped 8.2% after beating sales and profit targets and raising its full-year forecast amid ongoing impacts from tariffs.
- Bitcoin briefly rose to a new all-time peak near $118,000 before settling around $117,600, coinciding with Nvidia's market capitalization climbing to $4 trillion.
- The S&P 500 is headed for its first weekly decline in three weeks as lawmakers prepare to discuss cryptocurrency regulation during Crypto Week beginning July 14.
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ThePatriotLight - S&P 500 and Nasdaq composite pull back from their all-time highs
ThePatriotLight - Switch the Market flag for targeted data from your country of choice. Open the menu and switch the Market flag for targeted data from your country of choice. Need More Chart Options? Right-click on the chart to open the Interactive Chart menu. Use your up/down arrows to move through the symbols. S&P 500 and Nasdaq composite pull back from their all-time highs
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US stocks edge lower and pull S&P 500 back from its record
U.S. stocks are down in midday trading Friday, pulling the market back from all-time highs, as the Trump administration escalates its tariff threats against Canada. The S&P 500 was down 0.3% a day after setting a record high. The benchmark index is on pace to post its first weekly loss in three weeks. The Dow Jones Industrial Average fell 331 points, or 0.7%, as of 12:16 p.m. Eastern time, and the Nasdaq composite slipped 0.1% a day after climbi…
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